Davie Strengthening Capital Flow, Net Inflow in Spot Contracts

According to Twitter user Davie, the spot market has actively net bought $53.9 million within 4 hours, with a total net purchase of $121.1 million over 24 hours, indicating continuous capital inflow. The contract market saw a net inflow of $1.3 billion in 4 hours, with a total net inflow of $4.2 billion over 24 hours, as leveraged funds significantly entered the market, boosting market sentiment. Currently, Bitcoin is trading sideways around $85,000, with key resistance levels between $85,500 and $86,300, and support levels between $85,000 and $84,500. If it holds above $85,500, bulls will continue to push; if it drops below $85,000 and capital flows out, it is advisable to reduce positions for defense.

This content is provided for general informational purposes only and doesn't constitute financial, investment, legal, or tax advice. Any events, rewards, online promotions, or related information mentioned herein should not be considered a recommendation, solicitation, or invitation to purchase, sell, trade, or otherwise deal in any crypto assets. Crypto assets are highly volatile and may result in loss. The availability of WEEX services, products, and related events may vary by region. You are responsible for ensuring that your participation is in accordance with applicable local laws and regulations.